When I started in Procurement 20 years ago, there were already the first signs of digitization. At that time, Ariba was still a best-of-breed solution – you can tell how much has changed since then, as we’re talking early 2000s.
In today’s post, I’m going to try to share some of the things that I’ve seen work or put to practice myself – the list is non-exhaustive and also not sorted in particular order.
Price increases and volatility are a big concern for many Procurement organizations, and a lot of resources and effort go into mitigating the negative impact of suppliers pushing increased pricing onto their buyers. Still, for many, it’s also about ensuring materials are ready and available for the continuous production of goods.
In a recent study conducted by McKinsey & Company, they looked at how CEOs and company executives can respond to rising prices. According to the study, there are two traditional approaches to battle rising prices: pricing itself and Procurement strategy.
PwC Switzerland recently published the results of its 2022 Global Digital Procurement Survey. The survey gathered insights from over 800 companies from 64 countries that participated in the research, and the results are promising for digital procurement!
Accenture published an exciting whitepaper in 2021 looking at what the business will need and expect from Procurement, and how is that different from the role Procurement plays today?
The last two years have been nothing short of turbulent, unpredictable, and shocking for most of the population. The COVID pandemic, followed by the war in Ukraine, inflationary pricing, and volatile markets, hasn’t been easy to digest and is felt by everyone around the globe.
Join DILF – Dansk Indkøbs- og Logistik Forum CEO, Søren Vammen and myself on June 21st at 3:00 pm CET for an insightful webinar
Procurement performance is always an exciting subject and can spark much controversy regarding value calculation, recognition by Finance teams, etc.
This week I went for a drink with a friend and at some point, the discussion turned to work for a bit. My friend works in sales and marketing (for a very large organization) and he said whenever they need to engage with Procurement, they’re trying to find ways how to avoid working with them.
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